"With interest rates where they are, there's going to be some massive stimulus flowing through into the corporate space," he said.

"So while some of the lagging indicators have not necessarily been the best, I think interest rates, monetary policy, is finally starting to have the desired impact."

Mining stocks posted the biggest gains today, and Mr Esho says they have the potential to take the market higher.

"There is a lot of scope for those businesses to continue rising and that's going to have a positive statistical impact on both indices," he said.

"As long as the news out of China's positive, as long as Japan continues to pump the system with cash, and as long as the world's largest economy, the United States, continues to improve, there is potentially more to go on the Aussie market."

"The Chinese market is the inspiration behind our market's gains," he told AAP.

"Global equities are in a bit of a sweet spot at the moment."

Mr Weston says Chinese growth is pushing higher than many people had anticipated.

That trend looks set to continue as policymakers seek to attract foreign capital, and stem flows out of China.

Miners lead market higher

Copper explorer CuDeco was the market's biggest mover, jumping by 13 per cent, while Fortescue Metals Group went up 6.4 per cent.

The big miners also prospered, with Rio Tinto rising 2 per cent and BHP Billiton up 1.2 per cent.

However, not all miners shared the spoils, with Medusa falling 3.3 per cent and Newcrest slipping 3 per cent.

Industrial and finance companies also posted solid rises: McMillan Shakespeare went up 4.3 per cent and Qantas rose 2.2 per cent.

The big four banks all finished the day higher, led by a 1.2 per cent rise for the National Australia Bank; ANZ went up 0.75 per cent, the Commonwealth rose 0.3 per cent and Westpac closed up 0.2 per cent.